All Honolulu law enforcement personnel must go through the same training program, but law enforcement personnel assigned to guard the capital building earn 15% less than law enforcement personnel assigned to the homicide division. This 15% difference in pay is an example of a ________ differential.
A. transfer payment
B. compensating
C. utility
D. human capital
Answer: B
Economics
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An economy that is operating below its full-employment capacity is experiencing a(n):
a. tax-induced recession. b. recessionary gap. c. fiscal drag. d. market correction. e. inflationary gap.
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A good in the United States is worth $2,000 and the same good in Mexico is worth 50,000 pesos. This implies that $1 U.S. is worth _____ pesos
a. 25 b. 30 c. 15 d. 24
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European countries tend to rely more on consumption taxes than does the United States
a. True b. False Indicate whether the statement is true or false
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In the above graphs, an inverse relationship is shown by
A. Graph A. B. Graph B. C. Graph C. D. Graph D.
Economics